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1. Kyle put $300 of his birthday money in the bank. The bank offers an annual interest rate of 4%, compounded twice a year. How much money will Kyle have after three years?

1. Kyle put $300 of his birthday money in the bank. The bank offers an annual interest rate of 4%, compounded twice a year. How much money will Kyle have after three years?
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7 votes
1. Kyle put $300 of his birthday money in the bank. The bank offers an annual interest rate of 4%, compounded twice a

year. How much money will Kyle have after three years?

asked
User Suizokukan
by
7.9k points

1 Answer

8 votes

Answer:

300(1 + 0.04/2)3(2) = $337.85

Explanation:

answered
User GiovaniSalazar
by
7.7k points
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